What is the ruling on depositing money in an Islamic bank and taking interest from it? Is this permissible as an exception for special cases, such as a disabled daughter or a widow over seventy years old, who do not have a fixed income other than the returns from this money?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is permissible to deal with Islamic banks whose transactions are -compliant, and for the investor to engage in (profit-sharing) with them, and their profits are lawful. As for banks that are not sharia-compliant, it is not permissible to deposit money with them and take usurious interest, except in cases of extreme necessity.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 168762
- Imported
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- Source text, unreviewed
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